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HomeMy WebLinkAboutDietz & Cestaro .~ '.. .' ...." , .' .. . fI OFFIC ORNEY D TELEPHONE (516) 477-1400 ROBERT W. TASKER Town Attorney ~ICIMD ~~A.R 2 5 1986 425 MAIN STREET. P.O. BOX 697 GREENPORT, LI., NEW YORK 11944 March 24, 1986 T.-n QeIt!' hhl Hon. Judith T. Tlrry Town Clerk Town of Southold Main Road Southold, New York 11971 Re: Acquisition of land at Mattituck Inlet from Philip E. L. Dietz Estate Dear Judy: Relative to the above acquisition of land at Mattituck Inlet, I enclose herewith the following: 1. Deed dated December 25, 1985 from Doris M. Dietz, Philip E. L. Dietz, Jr., Andrea J. Prior, Victoria A. Cestaro and Peter M. Dietz as Trustees under the Last Will and Testament of Philip E. L. Dietz, to Doris M. Dietz which deed was recorded in the Suffolk County Clerk's Office on February 3, 1986 in Liber 9972 of deeds at page 26. 2. Deed dated December 25, 1985 from Doris M. Dietz to Victoria A. Cestaro, Philip E. L .Dietz, Jr., and Peter M. Dietz which deed was recorded in the Suffolk County Clerk's Office on February 3, 1986 in Liber 9972 of deeds at page 28. 3. Deed dated December 25, 1985 from Victoria A. Cestaro, Philip E. L. Dietz, Jr. and Peter M. Dietz to the Town of Southold which deed has been recorded in the Suffolk County Clerk's Office on February 3, 1986 in Liber 9972 of deeds at page 30. 4. Survey map of the premises. At the present time I have not as yet received the Title Insurance Policy from Title USA Insurance Corp. When the same has been received, I will send on to you for filing in your office. In order that I may have a record of your receipt of the above for my records, will you please sign a copy of this letter which I have enclosed for that purpose and return to me. Yours very truly, RWT :aa enc. ~ ROBERT W. TASKER ..... (!" ,. ~ ~ .:l \~\~ , Dist: 1000 Section: 099.00 Block: 04.00 Lot: 025.000 ~ I ~. " ('\J~" \'1 ., \ . ., .. , n"'7'" nr> LlEtP ~ ~ . (., "^lE r~ I') ~_C:,'~ -ql~ ,.;;.4370 ~.~ 35 (10/75) ~ t"I\( ard N.Y.B.T.U. Form 8004-Qultclalm Deed-Individual or Corporation (Single Sheet) . CONSULT YOlll: L'WYER BEfORI SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD BI USED BY LAWYERS ONLY. This Indenture, rlade the 25tl: day of December ,nineteen hundred and eighty-five Between I)CH,IS M. DIETZ, residing at 16 Slash Pine, Boynton Beach, Florida party of the first part, and VICTORIA A. CESTARO (formerly Victoria A. Dietz), residing at 11107 ;1. Lake Drive, Boynton Beach, Floridao\\c Ml\ ,'\ S\: PHILIP E. L. DIETZ, JR., residing at Rt. 1,l'ftox 79, Oxford, Maryland ; and PETER M. DIETZ, residing at Rt. 4, Box 37l\) Easton, Maryland ;, as Tenants in Common 1"0 tt-I'i\~,,' ':.'\' party of the se:o ld part, Witnesseth, tl,:r' the party of the first part, in consideration of Ten Dollars paid by the party of the second part, does hereby remisl~. rElease and quitclaim unto the party of the second part, the heirs or successors and assigns of the party of the second p,ut forever, All that cert,lill plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being DUbe at lv1attituck, in the Town of Southold, County of Suffolk and State of New York, generally bounded and described as follows: North,erly by Long Island Sound; easterly by Mattituck Inlet; southerly by land now 01' 'Formerly of Carey Industries Inc. and westerly partly by Luther's Road and land of the Mattituck Park District. Togetl1E:r with all of the right, title and interest of the parties of the first part of, in and to the land under the waters of Mattituck Inlet and Long Island Sound abutting the above described premises. BEING and intended to be a portion of the premises conveyed by Long Island Produce and Fertilizer Co. Inc. to Philip E.L. Dietz by deed recorded in the Suffolk County Clerk's Office in Liber 2878 at page 59. 24370 , f\E~~..,.. " , $j:\fiXC tSi A "IE:' \ I fEll :l 1986 , 1'f\~NSFEf\ T,A,)( " ~UFFCLK '--. COUNT( Together with illl right, title and interest, if any, of the party of the first part in and to any streets and roads abutting the above desGribed premises .to the center lines thereof; Together with the appurtenances and all the estate and rights of the party of lhe first part in and to said premises; To Have And To Hold the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. And the party of the first part, in compliance with Section 13 of the Lien Law, hereby covenants that the party of the first part will re:e~ve the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word Up,arty" shall be construed as if it read "parties" whenever the sense of this indenture so requires. In Witness Whll,reof, the party of the first part has duly executed this deed the day and year first above written. 77;:~~)f: _"i .... Y! c-J~ . rJ .._._~~/ -7 fA- Dietz LlBER 9972 PAGE 29 MARYLAND STATE OB<lllEW<JalX, COUNTY OF TALBOT. ss: On the q6..2;l:day of December 19 85, before me personally came Doris M. Dietz to me known to be the individual described in and who executed the foregoing Instrument, and acknowledged tha~ s he executed the same. (?t ~. NORMA P DAFFIN NOTARY PUBUC - STAT': OF MARYLAND TALBOT COUNTY Ii MY COMMISSION EXPIRES JUL I 1986 II -~""."'''~ STATE OF NEW YORK, COUNTY OF ss: On the day of 19 , before me personally came to me known, who, being by me duly sworn, did depose and say that he resides at No. that he is the of , the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so aflixed by order of the board of directors of said corpora- tion, and that he signed h name thereto by like order. ({)uttrlaim i1l'l'1l Title No. DORIS M. DIETZ TO VICTORIA A. CESTARO: PHILIP E.L. DIETZ, JR. and PETER M. DIETZ Recorded By: U-"lIFE TITLE INSURANCE Company of New 'rtlrk 127 W. Main Street RNerheed, N.Y. 11901 Return to: Rec-2 STATE OF NEW YORK, COUNTY OF sa: On the day of personally came 19 , before me to me known to be the Individual described in and who executed theforegoinginstrument, and acknowledged that executed the same. STATE OF NEW YORK, COUNTY OF ss: On the day of 19 , before me personally came the subscribing witness to the foregoing Instrument, with whom I am personally acquaiQted, who, being by me duly sworn, did depose and say that he resides at No. that he knows to be the Individual described in and who executed the foregoing instrument; that he, said subscribing witno:ss, was present and saw execute the same; and that he, said witness, at the same time subscribed h name as witness thereto. SECTION BLOCK LOT COUNTY OR TOWN Recorded at Request of If."lIFE TITLE INSURANCE Company of New York RETURN BY MAIL TO Robert W. Tasker 425 Main St. Greenport, NY 11944 ZJp No. ~ 0 ':\1 <:> z - 0 C'oJ ~ 0 N v ~ ~ ~ ~ ~ ::> ~ 2 ~ < :l; ~ 'i: ~ >;: ~ ~ ;;t UHnoo ~\03.:JnS .:10 Jll]3'18 "l'n~,I" -, ':\lor \ ' .)., sa, l'\J <:11 V t g]~ n '~('HO~~ .l}l ~ I'~ ~ J ~ ~a-\3\ll '\ -3 list: 000 ;ection: 199.00 :lock: 14.00 ot: '25.000 'b I ~ '" \~~ . 'JO....<") LIBEL ,; I t.. PAGE . . I"l(l f."' .,.\J q)L\-S~ AI~S;J .) '111.'1' ,<.-, \.}" .. PF::'" (10/7~) Stdndar,j N.Y.B.T.U. Form 8004-QultC'talm Deed-Individual or CorporatIon (Single Sheet) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. This Indenhlre, made the 25th day of December ,nineteen hundred and eighty-five. Between DORIS M. DIETZ, residing at 16 Pine Slash. Boynton Beach. Florida PHILIP E. 1_. DIETZ, JR., residing at Rt. l)(lli>x 79 ~ord. Maryland ANDREA J. PR lOR (formerly Andrea J. Dietzr;'"'~i:fing ~t" 436 Cross Street. Lakewoo,!, 'lew Jersey VICTORIA A. CESTARO (formerly Victoria A. Dietz), I"esiding at 11107 N. Lake Drive. Boynton Beach. Florida and PETER M. DIETZ, residing at Rt. 4. Box 371....ful~t.lID:.)11H:l-li'l'd as Trustees under the Last Will and Testament of phHip I:':t.': "'Oie-u Deceased party of the first part, and I DORIS M. DIETZ, residing at 16 Pine Slash. Boynton Beach. Florida party of the second part. Witnesseth, that the party of the first part, in consideration of Ten Dollars paid by the party of the second part, does hereby remise, release and qUitclaim unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, All that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being i~l('" at Mattituck, in the Town of Southold, County of Suffolk and State of New York, generally bounded and described as follows: NorthE!rly by Long Island Sound; easterly by Mattituck Inlet; southerly by land now or' formerly of Carey Industries Inc. and westerly partly by Luther's Road' and land of the Mattituck Park District. Together with all of the right, title and interest of the parties of the first part of, in and to the land under the waters of Mattituck Inlet and Long Island Sound abutting the above described premises. BEING and intended to be a portion of the premises conveyed by Long Island Produce and Fertilizer Co. Inc. to Philip E.L. Dietz by deed recorded in the Suffolk County Clerk's Office in Uber 2878 at page 59. Z436:'l , f' f\r.~E~...... $.....~-C i:!51'p.ir. ' \ p.r. . fU:" " .Sf''Et\ i p..)(. \ 'Tf\~\::f'OU<' ~_ COUN1'f {i I; f. ....:. Together with all right, title and interest, if any, of the party of the first part in and to any streets and roads abuttingl the above described premises .to the center lines thereof; Together with the appurtenances and all the estate and rights; of the party of the first part in and to said premises; To Have And To Hold the premises herein granted unto the party of the second lPart, the heirs or successors and assigns of the party of the second part forever. And the party of the first part, in compliance with Section 13 of the Lien Law, hereby covenants that the party of the' first part will receive the consideration for this conveyance and will hold the right to receive such consideration as a: trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose" The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. In Witness Whereof, the party of the first part has duly executed this deed the day and year first above written. ~ ~ . L -'_. ." ~./ . . n ,rea J. ~iO~ (~a~~- ._\llC1oxl~ A. cestaro~ ~~~~~, ~. eter M. Dietz " In resence Of: ./ LlBtR 9972 PAGE 27 MARYLAND STATE OF 1lIi!N~COUNTY OF TALBOT ss: On the afAyof December 19 85, before me personally came Doris M. Dietz;; Philip E. L. Dietz, Jr. to me known to be the individual described in and who executed theforegoinginsrrument, and acknowledged tha~ they executed 1:Ze. (?{ lf~~ ~1}~ NORMA P DAFFIN NOTARY PUBlfC - STAT[ Of M.\RYLAtlO . TALBOT COIINTY ~; tl.. MY COMM. .ISS. ION EXPIRES Jill I, 1986 t< ~~.~ STATE OF NEW YORK, COUNTY OF ss: On the day of 19 , before me personally came to me known, who, being by me duly sworn,diddeposeand say that he resides at No. that he is the of , the corporation described in and which executed the foregoing insrrument; that he knows the seal of said corporation; that the seal affixed to said insrrument is such corporate seal; tI.at it was so affixed by order of the board of directors of said corpora- tion, and that he signed h name thereto by Uke order. <<t)uitdatm Ilrrb Title No. DORIS M. DIETZ, PHILIP E.L.DIETZ, JR. ANDREA J. PRIOR, VICTORIA A. CESTARO & PETER M. DIETZ TO DORIS M. DIETZ Recorded By: 1I-"t.1FE TITLE INSURANCE Company of New "rork 127 W. Main Street . ... Riverhead. N.Y. 11901 Return to: Re<>2 MARYLAND STATE OF NfW~K, COUNTY OF TALBOT IS: On theo('~day of December 1985, before me personally came Andrea J. Prior, Victoria A. Cestaro and Peter M. Dietz to me known to be the individual described in and who executed theforegoinginsrrument, and acknowledged that they executed the same. /917,l "j ~C)//~ , ~otary );u~Tct1/~ '" NORMA P DAFFIN NOTARY PUBUC - STAn: OF MARYLANO , TALBOT COUNTY ~, MYCOMM~ STATE OF NEW YORK, COUNTY OF 55: On the day of 19 , before me personally came the subscribing witness to the foregoing instrument, with whom I am personally acquaiQted, who, being by me duly sworn, did depose and say that he resides at No. that he knows . , to be the individual described in and who executed the foregoing insrrument; that he, said subscribing witnt:SS, was present and saw execute the same; and that he, said witness, at the same time subscribed h name as witness thereto. SECTION BLOCK LOT COUNTY OR TOWN rded at Request of TITLE INSURANCE Company of New York RETURN BY MAIL TO Robert W. Tasker 425 Main Street Greenport, NY 11944 Zip No. ~ <5 " Z is ~ 0 ..-.j ~ ...-< ~ ~v 0 :l; N ::> ~ Q ~ '" :>; ~ ~ ~ ::: :::: '" Co C ." ."1 C~, Cr- r-r" ~:"'-" o~~ 00::- ==-,..,;.;:- =z: 0'; -i n. -< r- r- ;. (~ ~ r--' OJ c..u :::; -l:>. ~ i\,) .--" :"" <;..-0 <::7) ~ L ,:) . 1 ~"\3\rfo Dist: 1000 Section: 099.00 Block: 04.00 Lot: 025.000 b \ ~ ". "- ~- ", ~-S~~3~ PF 35 (10/75) Standard N.y.B'.T.U. Form 8004.Quitclairn Deed.lndividual or Corporation (Single Sheet) I . CONSULT YOUR LAWYER IEFORI SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD II USID IY LAWYERS ONLY. L1BfH 9972 PAGE 30 This Indenture, made the 25th day of December ,nineteen hundred and eighty-five B,tween VICTORIA A. CESTARO (formerly Victoria A. Dietz), residing at 11107 N Lake Dnve, Boynton Beachl> iJ;o~da ; PHILIP E. L. DIETZ, JR., residing at Rt. 1, Box 79,""llxfort M'rryland and PETER M. DIETZ, residing at Rt. 4, Box 371 J Easton,; Maryland roc ~ M[.f.(\ St. party ofthe first part, and TOWN OF SOUTHOLD, a municipal corporation of the State of New York, having offices at 53095 Main Street, Southold, New York party of the second part, Witnesseth, that the party of the first part, in consideration of Ten Dollars paid by the party of the second part, does hereby remise, release and quitclaim unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, All that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being iiXnXX at Mattituck, in the Town of Southold, County of Suffolk and State of New York, generally bounded and described as follows: Northerly by Long Island Sound; easterly by Mattituck Inlet; southerly by land now or formerly of Carey Industries Inc. and westerly partly by Luther's Road and land of the Mattituck Park District. Together with all of the right, title and interest of the parties of the first part of, in and to the land under the waters of Mattituck Inlet and Long Island Sound abutting the above described premises. BEING and intended to be a portion of the premises conveyed by Long Island Produce and Fertilizer Co. Inc. to Philip E.L. Dietz by deed recorded in the Suffolk County Clerk's Office in Liber 2878 at page 59. r~ "" t F ...~:~~.o...... '. I REAL c'$TJl.TE 'U , 1988 2<\371. t. ~N'$FE.RTAX, $.lFFOi.K .. llOOUt-il'l ~ \,;", Together with all right, title and interest, if any, of the party of the first part in and to any streets and roads abutting the above described premises .to the center lines thereof; Together with the appurtenances and all the estate and rights of the party of the first part in and to said premises; To Have And To Hold the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. And the party of the first part, in compliance with Section 13 of the Lien Law, hereby covenants that the party of the first part will recelve the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. In Witness Whereof, the party of the first part has duly executed this deed the day and year first above written. In Presence Of: C~~~ Peter M. Dietz L1Btk 9972 PAGE 31 MARYLAND STATE OF IllM<mKZCOUNTY OF TALBOT ss: On the <>?b-4day of December 19 8!\ before me personally came Victoria A. Cestaro to me known to be the individual described in and who executed the foregoing instrument, and acknowledged tha~ she executed the same. NORMA P DAFFIN NOTARY PUOl.1i; . STATe OF MARYLAND Tf.l.BDT COUNTY , MY COMMISSION EXPIRES JUL 1. 1986 ~...~, STATE OF NEW YORK, COUNTY OF ss: On the day of 19 , before me personally came to me known, who, being by me duly sworn,diddeposeand say that he resides at No. that he is the of , the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal atlixed to said instrument is such corporate seal; tMt it was so a:fIixed by order of the board of directors of said corpora- tion, and that he signed h name thereto by Uke order. ({)uitrlntm mrril Title No. viCTORIA A. CESTARO: PHILIP E.L. DIETZ JR. and PETER M. DIETZ ' TO J OWN OF SOUTHOLD Recorded By, u."I1FE TITLE INSURANCE Company of New 'wbrk 127 W. Main Street R_. N.Y. 11901 Retum to: Reo-2 MARYLAND STATE OF ~J(, COUNTY OF TALBOT sa: On the q6-'lZdayof December 19 85, before me personally came Philip E.L. Dietz, Jr. & Peter M. Dietz to me known to be the individual described in and who executed the foregoing instrument, and acknowledged that they executed the same. ;Sf ~ ~ '/h'd . I tary Public .~. .,' ~ ~ NORMA P DAFFIN NOTARY PUBLIC. STATE OF MARYLAND TALBOT COUNTY MY COMMISSION EXPIRES JUL 1. 1986 , STATE OF NEW YORK, COUNTY OF &s: On the day of 19 , before me personally came the subscribing witness to the foregoing instrument, with whom I am personally acquaillted, who, being by me duly sworn, did depose and say that he resides at No. that he knows to be the individual described in and who executed the foregoing instrument; that he, said subscribing witndS, was present and saw execute the same; and that he, said witness, at the same time subscribed h name as witness thereto. SECTION BLOCK LOT COUNTY OR TOWN Recorded at Request of II-"IIFE TITLE INSURANCE Company of New YOI'k RETURN BY MAIL TO Robert W. Tasker 425 Main St. Greenport, NY 11944 Zip No. ~ (; '-' z -,.... 0 ' - << ....... 0 ':'oj v w ':V << ~ w ~ :> << 2 w v -< :l; ~ i: ~ ... > ~ ~ ~ .uH[lO~ )llOJJ[lS jO 'A\'31Cl . VYIJ'3~1:; . '. lilor 9\\. ~d ll1 V t g]~ - A'.."J 11](':(\0" .j(, ....... -.- ._._-.~..- -.... -'-j --,-_............. ~ i--;'--:-'--'-------"-" ~. 1~,,~ \'t \ '\"'1& L...... h r t: e ..~.~ I: >: ~ c -' ~ 1:, i I ~~~~\~n laa ~!l9 ~."'.~. ~~- 'I ):;... ~ Of> " ,,;...;,,:.'" ( ~M 11::\" ~""',,'i-, <5 .... ,,..,0;:'<, '?' '" , ,... ~ ft ::;l;.. ',;1!;; (;1 -... ~1 .S~ illl. "..",,".' 2 ~.! e ~ ~ -i~ '~.;: : ~ ~ ; : :::: 1.c!!EC::<;;;o '.L,");~Q';'~:t ~ !::t . ~ >- ~ ~ ~ lc.) 0 .I 5 .~ :I; Jlh "l:-n ~~~i"Gi. liiSAu :.U~ laiiiii~ Ell '1Ii.lI.ilailli . ". II> '~cs:... /,f / ", ...... t / .,' < I{ u " !l 'W ... ~ '- ! -I I ~ ~ ~. ~.~ " . ~~ v:x" ~~ '1l\.I. 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'[i!j,ekf"(' I' . .' 1'i11 . .~,..~ ........"..1 .... - I ,,___ 1 ........"--......;...;" ~.81--"'_'\:.:::i::;'"-'.';~:,,'.',.";"";., = _!"I!', '~.:'I,<~~~~.... ~~'l;!oio_w....io.,".:.c.;#<,t..:..;-'----_.......................~- I .:-.,____. . ~--_......._..,...-_.~,-_..,._._,~, ,-. '''~''''''''''"",.C~'_''_'.. 1iI:....R..~ "111 I ~ sr. , C)I~ , -'q:lEor.~ APPRAISAL REPORT AACA: PROFESSIONALISM THROUGH EDUCATION AND EXPERIENCE .. ' II ... . PREPARED FOR tHE TOWN OF SOUTHOLD AS OF APRIL 30, ]CJ~ . " f . . APPRAISAL REPORT Triangular shaped property situated at the intersection of Naugles Road and Luthers Road Mattituck, New York 11952 PREPARED FOR Town of Southold BY Andrew D. Stype Stype Brothers Real Estate, Inc. Main Road, P.O. Box 63 Mattituck, New York 11952 AS OF April 30, 1985 II .f. . . -2- OBJECTIVE OF THE APPRAISAL AND DEFINITION OF MARKET VALUE The objective of this appraisal is to estimate market value Market value as used in the report is defined as: The highest price in terms of money which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, 'I each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in the definition is the consummation of a sale as of a specifjpn date and the passing of title from seller to buyer und~, conditions whereby: 1. The buyer and seller are typically motivated. 2. Both parties are well informed or well advised 2nd acting in what they consider their own best interest. 3. A reasonable time is allowed for exposure in the open market. 4. Payment is made in cash or its equivalent. 5. Financing, if any, is on terms generally available in the community at the specified date and typical for the property type in its locale. 6. The price represents a normal consideration for the property sold unaffected by special financing amounts and/or terms, services, fees, costs, or credits incurred in the transaction. I '.f' II . . -3- CERTIFICATION AND STATEMENT OF LIMITING CONDITIONS CERTIFICATION: The appraiser certifies agrees that: 1. The appraiser has no present or contemplated future in- terest in the property appraised; and neither the employ- ment to make the appraised value of the pr0perty. 2. The appraiser has no personal interest in or bias with respect to the subject matter of the apprasial report or the participants to the sale. The "Estimate of Market Value" in the appraisal report is not based in whole or in part upon the race, color, or national origin of the prospective owners or occupants of the properties in the vicinity of the property appraised. 3. The appraiser has personally inspected the property and has made an inspection of all comparable sales listed in the report. To the best of the appraiser's knowledge and belief, all statements and information in this recort are true and correct,and the appraiser has not knowingly witheld any significant information. 4. All contingent and limiting conditions are contained herein (imposed by the terms of the assignment or by the undersigned affecting the analyses, opinions, and con- clusions contained in the r~port). 5. All conclusions and opinions concerning the real estate that are set forth in the appraisal report were prepared by the Appraiser whose signature appears on the appraisal' report, unless indicted as "Review Appraiser". No change of any item in the appraisal report shall be made by any- one other than the Appraiser and the Appraiser shall have no responsibility for any such unauthorized change. CONTINGENT AND LIMITING CONDITIONS: The certification of the .. . Appraiser appearing in the appraisal report is the subject to the conditions as are set forth by the Appraiser in the report. II II 2. I Ii 3. I I 4. . . -4- 1. The Appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or the title thereto, nor does the Appraiser render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership. The Appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previously made. The Appraiser assumes that there are no hidden or un- apparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The Appraiser assumes no responsibility for such conditions or for engineering which might be required to discover such factors. Information, estimates, and opinions furnished to the Appraiser, and contained in the report, were obtained from sources considered reliable and believed to De true and correct. However, no responsibility for accur~cy 0f such items furnished the Appraiser can be assumed by the Appraiser. 5 . Disclosure of the contents of the appraisal report is governed by the Bylaws and Regulations of the profess- innal appraisal organization with which the Appraiser ~U affiliated. 6. Neither all, nor any part of the content of the report or copy thereof (including conclusions as to the property value, the indentity of the Appraiser, professional designations, reference to any professional apprasial organizations, or the firm with which the Appraiser is connected), shall be used for any purposes by anyone but the client soecified in the report, the mortgagee or its successors and assigns, mortgage insurers,consultants, professional appraisal organizations, any state or federally approved financial institution, any department, agency or instrumentality of the United States or the District of Columbia, without the previous written consent of the Appraiser; nor shall it be conveyed by anyone to the public through advertising, pUblic relations, news, sales, or other media, without the written consent and approval of the Appraiser. " . . -5- Andrew D. Stype, age 36, being duly sworn, deposes and certifies that: !i I I He is and has been a licensed Real Estate Salesman since 1971 and a Real Estate Broker since 1980. He has been in the appraisal business for market value since 1978. He is an active member of the Suffolk County Board of Realtors and the Eastern Suffolk Board of Realtors. He is currently a member of the New York State Society of Real Estate Appraisers, and successfully com- pleted a Real Property Appraisal Study Program at Southampton College, Southampton, New York. He is also a member of the American Association of Real Estate Appraisers -- Certified Appraiser, Residential. Site Description Subject property is located on the Mattituck Creek, approximately 608' north of the intersection of Naugles Road and Luthers Road in Mattituck, New York. The property is'located in the Hamlet of Mattituckj Township of Southoldj County of Suffolk; State of New York. It is designated as "A" Residential Zoning. The property has 75' to the south x 725' to the west. It is a triangular shape so there is no footage to the north. It continues back 715' to the east. This is a triangular shaped piece of property with three sides only. There appears to be about a one half acre approx- imate total land area. The property is a sandy beach and drops from the road to Mattituck Creek. There are breakers along the eastern bound area on the Creek. The immediate adjoining area to the south is "C-l" Industrial. The rest of the area is basically Residen- tial, seasonal and year-round. This parcel does not appear to be a buildable lot. The current Single A Bulk and Parking Schedule from the current Zoning book from the Code from the Town of South- old states that the minimal building lot must have 35' from the front bound area and 35' from the rear yard. This would not make for a practical or a conventional style house. It would appear that special variances would be required in order to build. un . -6- . i ~ i! , i " The property is located next to a public beach for residents. It is in the Mattituck/Cutchogue School District. It also appears the elevation above sea level is just a few feet and it might be subject to possible floods during storms, etc. The highest and best use at this time would appear to be a park, playground, public fishing pier, or launching ramp. The property is listeu under the Suffolk County Real Property Tax Map as District: 1000: Section 99: Block 4: Lot 25. The current owner is listed as Philip E. Dietz. The annual taxes are $162.77 and the assessed value is: $500.00 Land and $500.00 Total. Due to a lack of comparables on this particular lot, I will have to base the market value on my past experience and judgement. Most of my waterfront property is in the area of $1,000.00 per waterfront foot, or more. Since t~is property does not appear to be a buildable lot, it should easily lose 75% of its value and this would leave $250.00 per foot which I will use to estimate the market value of this lot: $250.00 x 715' ~ $17,875.00 The fair market value as of April 30, 1985 would $ 00 /) be 18,000. . ,I! / .....".~-~ Appraiser: , \wlrew D. ,J County of Suffolk State of New York Sworn to before me this 30th day of April, 1985. ~ t:? /' / //'~ ..;~?(?C-~y ',. "~R~f; !.\t" ftArUN, ,JR 11 .' r,.o- Y l!J3t~o, Std~-~;" (if ;': 'I R"J:(jjl1,' I S.~' ;:tMV ~Oli '~',.f,> IinX'l; tQ;J;;;, "Crr') ',.' rt." 5~..n3~3l.S " .. ",',f','1I '-.':.J'.r.~) ',;h_c',:. <,.. ,S;'A "'~'_.'" ~'I.i. -,-yf,../ v C :~ -.. .. ..--.-.-j A I?I: .' v- I '. l j .... .c -- .. i ~ 0_ z o -'z O' 00 hi", ... 0" ..... .. z -' .,-.... , . \ ~ 'u .. C . ~' ....... , ... . ., .. . '~. .;0 .~ . .~~ " . \\, . " te\} ..~ .. - ~ r.'f. c .. 1\l -.. 1\ .." . t ! 0,. @ 3 I.e , c!!: ... Go _ . Ii )l: u ':) , ~ ~ i.. ~ ~ c . .. 2 . 'lit 6 C7'q, z " /- ./ " .. / . . '. ~ I . ~, -. ,>> i, - . ROBERT W. TASKER Town Attorney ORNEY D TELEPHONE (516) 477-1400 REaMD MAY 1 41986 425 MAIN STREET. P.O. BOX 697 GREENPORT.L.I..NEWYORK 1I944 May 6, 1986 T_ CIMtr 5ot..~lIrJ Bon. Judith T. Terry Town Clerk Town of Southold Main Road Southold, New York 11971 Re: Acquisition of land at Mattituck Inlet from Philip E. L. Dietz Estate Dear Judy: Relative to the above acqUlslon of land at Mattituck Inlet, I enclose herewith the Title USA Insurance Policy No. 84-52-47854. In order that I may have a record of your receipt of the above for my records, will you please sign a copy of this letter which I have enclosed for that purpose and return to me. Yours very truly, ROBERT W. TASKER RWT :aa enc. Title USA Insurance Corporation of New York !l!TITLE ~USA \\\'\"11111111'"'''''' """''j.t'l CORP0094i'tt", .......9:-~ ......... ~"" t'#...c}r90Il..-;..... ~';\ ii :CJ SEAL ~'. #, < :: ;;J: ":. rn = =- :::J: : :e :: ;~~ :~s - '/. .... .L . ;., - "\ v \~... o</<T,.' "ii l ~ ...:r v.... ...:- .., ....... ..... " 1 ... " "'" 92' \\"" 11""""'111""\\\\ Pol icy of Title Insurance IN CONSIDERATION OF the payment ot its charges for the examination of title and its premium for insurance, insures the within named insured against all loss or damage not exceeding the amount of insurance stated herein and in addition the costs and expenses of defending the title, estate or interest insured, which the insured shall sustain by reason of any defect or defects of title affecting the premises described in Schedule A or affecting the interest of the insured therein as herein set forth, or by reason of unmarketability of the title of the insured to or in the premises, or by reason of liens or incumbrances affecting title at the date hereof, or by reason of any statutory lien for labor or material furnished prior to the date hereof which has now gained or which may hereafter gain priority over the interest insured hereby, or by reason of lack of access to and from the premises, excepting all loss and damage by reason of the estates, interests, defects, objections, liens, incumbrancesand other matters set forth in Schedule S, or by the conditions of the policy hereby incorporated into this contract, the loss and the amount to be ascertained in the manner provided in said conditions and to be payable upon compliance by the insured with the stipulations of said conditions, and not otherwise. IN WITNESS WHEREOF, Title USA Insurance Corporation of New York has caused this policy to be signed and sealed on its date of issue set forth herein. dr~'f' Pn,sident f~J-I, 1tv0~ A TTEST: Secretary ('/? '- A L-I.~~ Validating Officer or Agent C~__" r Name of Insured Policy No. 84-52-47854 TOWN OF SOUTHOLD Amount of Insurance $5,000.00 The estate or interest insured by this policy is vested in the insured by means of A FEE SIMPLE Date of Issue 12/25/85 DEED recorded 2/3/86 in L. 9972 p. 30. Schedule A The premises in which the insured has the estate or interest covered by this policy is described on the description sheet annexed. Schedule B The fOllowing estates, interests, defects, objection to title, liens and incumbrances and other matters are excepted from the coverages of this policy: 1. Defects and incumbrances arising or becoming a iien after the date of this policy, except as herein provided. 2. Consequences of the exercise and enforcement or attempted enforcement of any governmental war or police powers over the premises. 3. Any laws, regulations or ordinances (including, but not limited to zoning, building, and environmental protection) as to the used, occupancy, subdivision or improvement of the premises adopted or imposed by any governmental body, or the effect of any noncompliance with any violation thereof. 4 Judgments against the insured or estates, interests, defects, objections, liens or incumbrances created, suffered, assumed or agreed to, by or with the privity of the insured 5. Titletoany property beyond the liens of the premises, ortitleto areas within or rights or easements in any abutting streets, roads, avenues, lanes, ways or waterways, or the right to maintain therein vaults, tunnels, ramps or anyothersturcture or improvement, unless this policy specifically provides that such titles, rights, or easements are insured. Notwithstanding any provisions in this paragraph to the contrary, this policy unless otherwise excepted, insures the ordinary rights of access and egress belonging to abutting owners. 6 Title to any personal property, whether the same be attached to or used in connection with said premises or otherwise. 7. ANY state of facts a guaranteed survey of the premises might show. 8. IN the absence of a guaranteed survey, exact location, courses and dimensions Company does not of the premises. insure the 9. ANY state of facts an inspection of the premises would disclose. 10. RIGHTS of tenantg or persons in possession, if any. 11. POSSIBLE unpaid water charges. 12. RIPARIAN rights and easements Inlet and Long Island Sound. favor of the owner. of others over Mattituck Creek or Mattituck Company does not insure such rights in 13 . NO title is insured to any part of the or former high water line of Mattituck Long Island Sound. premises Creek or lying below the Mattituck Inlet present and 14. RIGHT of any and pierhead governmental authority to change the harbor, lines without compensation to the owner. bulkhead continued see rider '. ; Report 13111/74) SCHEDULE A (De$criptlon) ALL that certain plot. piece Ill' pa,cel of land, with the buildings and improvemenl$ thereon erected, situate, lying end being at Mattituck Inlet, Mattituck, in the Town of Southold, Suffolk County, New York, and lying northerly of land formerly of Long Island Produce and Fertilizer Co. Inc., and lying between the Mattituck Inlet on East and Luther's Road on the West, to a point on the shore of the Long Island Sound and the land lying under the water of said Mattituck Inlet and adjoining the premises formerly of Long Island Produce and Fertilizer Co. Inc. on the South. District 1000 Section 099.00 Block 04.00 Lot 025.000 . RIDER 15. ANY loss, damage or question of marketability that might arise by reason of the fact that the premises has not legal means of access to and from a public highway. 16. 1985/86 Town, County and School Taxes. , - . . , , . Conditions of this Policy 1. Definitions (a) Wherever the term "insured" is used in this policy it includes those who succeed to the interest of the insured by operation of law including, without limitation, heirs, distributees, devisees, survivors, personal representatives, next of kin or corporate successors, as the case may beand thoseta whom the insured has assigned this policy where such assignment is permitted by the terms hereof, and wherever the term "insured" is used in the conditions of this policy it also includes the attorneys and agents of the "insured." (b) Wherever the term "this company" is used in this policy it means Title USA Insurance Corporation of New York (c) Wherever the term "final determination" or "finally determined" is used in this policy, it means the final determination of a court of competent jurisdiction after disposition of all appeals or after the time to appeal has expired. (d) Wherever the term "the premises" is used in this policy, it means the property insured herein as described in Schedule A of this policy including such buildings and improvements thereon which by law constitute real property. (e) Wherever the term "recorded" is used in this policy it means, unless otherwise indicated, recorded in the office of the recording officer of the county in which property insured herein lies 2. Defense and Pro.ecullon of Suits (a) This company will, at its own cost, defend the insured in all actions or proceedings founded on a claim of title or incumbrances not excepted in this policy. (b) This company shall have the right and may, at its own cost, maintain or defend any action or proceeding relating to the title or interest hereby insured, or upon or under any covenant or contract relating thereto which it considers desirable to prevent or reduce loss hereunder. (c) In all cases where this policy requires or permits this company to prosecute or defend, the insured shall secure to it the right and opportunity to maintain or defend the action or proceeding, and all appeals from any determination therein, and give it all reasonable aid therein, and hereby permits it to use therein, at its option, its own name or the name of the insured. (d) The provisions of this section shall survive payment by this company of any specific loss or payment of the entire amount of this policy to the extent that this company shall deem it necessary in recovering the loss from those who may be liable therefor to the insured or to this company. 3. Cases Where Liability Arl... No claim for damages shall arise or be maintainable under this policy except in the following cases: (a) Where there has been a final determination under which the insured may be dispossessed, evicted or ejected from the premises or from some partor undivided share or interest therein. (b) Where there has been a final determination adverse to the title upon a lien or incumbrance not excepted in this policy. (c) Where the insured shall have contracted in good faith in writing to sell the insured estate or interest, or where the insured estate has been sold forthe benefit of the insured pursuant to the judgment or order of a court and the title has been rejected because of a defect or incumbrance not excepted in this policy and there has been a final determination sustaining the objection to the title. (d) Where the insurance is upon the interest or a mortgage and the mortgage has been adjudged by a final determination to be invalid or ineffectual to charge the insured's estate or interest in the premises, or subject toa prior lien or incumbrance not excepted in this policy; orwherea recording office has refused to accept from the insured a satisfaction of the insured mortgage and there has been a final determination sustaining the refusal because of a defect in the title to the said mortgage. (e) Where the insured shall have negotiated a loan to be made on the security of a mortgage on the insured's estate or interest in the premises and the title shall have been rejected by the proposed lender and it shall have been finally determined that the rejection of the title was justified because of a defect or incumbrance not excepted in this policy. (f) Where the insured shall have transferred the title insured by an insturment containing covenants in regard totitle or warranty thereof and there shall have been a final determination on any of such convenants or warranty, against the insured, because of a defect or incumbrance not excepted in this policy. (g) Where the insured estate or interest or a part thereof has been taken by condemnation and it has been finally determined that the insured is not entitled to a full award for the estate or interest taken because of a defect or incumbrance not excepted in this policy. No claim for damages shall arise or be maintainable uhnderthis policy (1) if this company, after having notice of an alleged defector incumbrance, removes such defect or incumbrance within thirty days after receipt of such notice; or (2) for liability voluntarily assumed by the insured insettling any claim or suit without the written consent of this company 4. Nollce 01 Claim In case a purchaser or proposed mortgage lender raises any question as to the sufficiency of the title hereby insured, or in case actual knowledge shall come to the insured of any claim adverseto the title hereby, or in case of the service on or receipt by the insured of any paper, orof any notice, summons, process or pleading in any action or proceeding, the object or effect of which shall or may be to impugn, attack orcall in question the validity of the title hereby insured, the insured shall promptly notify this company thereof in writing at its main office and forward to this company such paper or such notice, summons process or pleading. Delay in giving this notice and delay in forwarding such paper or such notice, summons, process or pleading shall not affect this company's liability if such failure has not prejudiced and cannot in the future prejudice this company. 5. Payment of Lo.s (a) This company will pay, in addition tothe loss, all statutory costs and allowances imposed on the insured in litigation carried on by this companyforthe insured under the terms of this policy. This company shall not be liable for and will not pay the fees of any counselor attorney employed by the insured. (b) In every case where claim is made for loss or damage this company (1) reserves the right to settle, at its own cost, any claim or suit which may involve liability under this policy, or (2) may terminate its liability hereunder by paying ortendering the full amount of this policy, or (3) may, without conceding liability, demand a valuation of the insured estate or interest, to be made by three arbitrators or any two of them, one to be chosen by the insured and one by this company, and the two thus chosen selecting and umpire. Such valuation, less the amount of any incumbrances; on said insured estate and interest not hereby insured against, shall be the extent of this company's liability for such claim and no right of action shall accrue hereunder for the recovery thereof until thirty days after notice of such valuation shall have been served upon this company, and the insured shall have tendered a conveyance or assignment of the insured estate or interest to this company of its designee at such valuation, diminished as aforesaid. The foregoing option to fix as valuation by arbitration shall not apply to a policy insuring a mortgage or leasehold interest. The foregoing option to fix a valuation by arbitration shall not apply to a policy insuring a mortgage or leaesehold interest. (c) Liability to any collateral holder of this policy shall not exceed the amount of the pecuniary interest of such collateral holder in the premises. (d) All payments made by this company under this policy shall reduce the amount hereof pro tanto except (1) payments made for counsel fees and disbursements in defending or prosecuting actions or proceedings in behalf of the insured and for statutory costs and allowances imposed on the insured in such actions and proceedings, and (2) if the insured is a mortgagee. payments made to satisfy or subordiante prior liens or incumbrances not set forth in Schedule B. (e) When liability has been definitely fixed in accordance with the conditions of this policy, the loss or damage shall be payable witithin thirty days thereafter. 6. Co-Insurance and Apportionment (a) In the event that partial loss occurs after the insured makes an improvement subsequent to the date of this policy, and only in that event, the insured becomes a co-insurer to the extent hereinafter set forth. If the cost of the improvement exceeds twenty per centum of the amount of this policy, such proportion only of any partiallossestablished shall be borne by the company as one hundred twenty per centum of the amount of this policy bears to the sum amount of this policy and the amount expended for the improvement. The foregoing provisions shall not apply to costs and attorneys' fees incurred by the company in prosecuting or providing for the defense of actions or proceedings in behalf of the insured pursuant to the terms of this policy orto costs imposed on the insured in such actions or proceeding, and shall apply to that portion of losses which exceed in the aggregate ten percent of the face of the policy. Provided, however, that the foregoing co-insurance provisions shall not apply to any loss arising out of a lien or incumbrance for a liquidated amount which existed on the date of this policy and was not shown in Schedule B; and provided further, such co-insurance provisions shall not apply to any loss if, at the time oftheoccurrenceofsuch loss, the then value of the premises, as so improved, does not exceed one hundred twenty per centum of the amount of this policy (b) If the premises are divisible into separate, independent parcels, and a loss is established affecting one or more but not all of said parcels, the loss shall be computed and settled on a pro rata basis as if this policy were divided pro rata as to value of said separate, independent parcels exclusive of improvements made subsequent to the date of this policy. (c) Clauses "(a)" and "(b)" of this section apply to mortgage policies only after the insured shall have acquired the interest of the mortgagor. (d) If, at the time liability for any lOSS shall have been fixed pursuant to the conditions of this policy, the insured holds another policy of insurance covering the same loss issued by another company, this company shall not liable to the insured for a greater proportion of the loss than the amount that this policy bears to the whole amount of insurance held by the insured, unless another method of apportioning the loss shall have been provided by agreement between this company and the other insurer or Insurers. 7. Assignment of Polley If the interest insured by this policy is that of a mortgagee, this policy may be assigned to and shall enure to the benefit of successive assignees of the mortgage without consent of this company or its endorsement of this policy. Provision is made in the Company rate manual filed witht he Superintendent of Insurance of the State of New York on behalf of this Company for continuation of liabjlitytogranteesof the insured in certain specific circumstances only. In no circumstance provided for in this section shalt this company be deemed to have insured the sufficiency of the form of the assignment or other instrument of transfer or conveyance or to have assumed any liability for the sufficiency of any proceedings after the date of this policy 8. Subrogation (a) This company shall to the extent of any payment by it of loss under this policy, be subrogated to all rights of the insured with respect thereto. The insured shall execute such instruments as may be requested to transfer such rights to this company. The rights so transferred shall be subordinate to any remaining interest of the insured. (b) If the insured is a mortgagee, this company's right of subrogation shall not prevent the insured from releasing the personal liability of the obligor or guarantoror from releasing a portion of the premises from the lien of the mortgage or from increasing or otherwise modifying the insured mortgage provided such acts do not affect the validity or priority of the lien of the mortgage insured. However, the liability of this company under this pOlicy shall in no event be increased by any such act of the insured, 9. Mlsrepresentallon Any untrue statement made by the insured, with respect to any material fact or any suppression of or failure to disclose any material fact, or any untrue answer by the insured, to material inquiries before the issuance of this policy, shall void this policy. 10. No Waiver 01 Conditions This company may take any appropriate action under the terms of this policy whether or not it shall be liable hereunder and shall not thereby concede liability orwaive any provision of this policy. 11. Policy Entire Contract All actions or proceedings against this company must be based on the provisions of this policy. Any other action or actions or rights of action that the insured may bring against this company in respect of other services rendered in connection with the issuance of this policy, shall be deemed to have merged in and be restricted to its terms and conditions. 12. Validation and Modification This pOlicy is valid only when duly signed by a validating officer or agent. Changes may be effected only by written endorsement. If the recording date of the instruments creating the insured interest is later than the policy date, such policy shall also cover intervening liens or incumbrances, except real estate taxes, assessments, water charges and sewer rents. Title USA Insurance Corporation of New York New York Slale Olflcas Albany County 90 State Street, Albany, N.Y. 12207 (518) 472-9161 Na..au County 170 Jericho Turnpike, Floral Park, N.Y. 11001 (516) 354-8500 (718) 347-2010 New York County 120 Broadway, New York, N.Y. 10271 (212) 732-9760 Queens County 90-15 Sutphin Boulevard, Jamaica, N.Y. 11435 (718) 739-4001 Rockland County 2 New Hempstead Road, New City, N.Y. 10956 (914) 634-3612 (212) 292-1528 Suffolk County 127 W. Main Street, Riverhead, N.Y. 11901 (516) 727-4140 (212) 962-1445 Westchester County 235 Main Street, White Plains, N.Y. 10601 (914) 948-4040 (212) 824-0404 Policy 21 (12/85) N.Y.B.T.V. Form No. 1000 '.. ( ~ ~. ~..~ .~ .....